Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 3-603: (a) Notwithstanding any other provision of law or any recitals in the instruments, the bonds, notes, and other evidences of obligation issued under this subtitle are investment securities under the laws of this State
What this law says, in plain English
Bonds and notes issued under this subtitle are investment securities. Their issuance and sale are exempt from specific state finance and procurement provisions.
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